First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Up 198.8% in June

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 26,889 shares, an increase of 198.8% from the May 31st total of 8,999 shares. Based on an average daily volume of 125,202 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Up 0.1%

FIIG traded up $0.02 during trading hours on Monday, hitting $20.79. The stock had a trading volume of 237,395 shares, compared to its average volume of 204,117. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1 year low of $20.43 and a 1 year high of $21.49. The company’s fifty day simple moving average is $20.74 and its 200 day simple moving average is $20.95.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FIIG. Northeast Planning Associates INC. NH grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 14.4% during the fourth quarter. Northeast Planning Associates INC. NH now owns 385,440 shares of the company’s stock valued at $8,171,000 after acquiring an additional 48,600 shares in the last quarter. TCP Asset Management LLC increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 7.0% in the fourth quarter. TCP Asset Management LLC now owns 953,224 shares of the company’s stock worth $20,208,000 after purchasing an additional 62,186 shares during the last quarter. Per Stirling Capital Management LLC. increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 5.7% in the third quarter. Per Stirling Capital Management LLC. now owns 716,552 shares of the company’s stock worth $15,212,000 after purchasing an additional 38,690 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 157.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 145,239 shares of the company’s stock valued at $3,079,000 after purchasing an additional 88,742 shares in the last quarter. Finally, Manchester Financial Inc. raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 64.0% during the 4th quarter. Manchester Financial Inc. now owns 957,492 shares of the company’s stock valued at $20,299,000 after buying an additional 373,627 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.